In 2016 Ferrexpo, controlling Poltava and Yeristovo Mining and Processing Works, intends to keep pellets output on the last year level, when it produced 11.66 million tons. “We expect pellets output to reach 11.2-11.3 million tons, though we hope it will be higher. But what is important for us is that 94% of them will…

Lamesa Group Holding, affiliated with Russian tycoon Viktor Vekselberg and his multi-industry holding Renova Group through Polo Company, has raised its share in U.K.-registered Petropavlovsk Plc, which operates in Russia, to 2.7448% from 1.5237%, Petropavlovsk said in a statement. Other details of the deal were not disclosed. Other affiliates of Renova Group control 14.764% in…

In Q3 Magnitogorsk Iron and Steel Works produced 3.17 million tons of steel, on the level of Q2. Steel smelting capacities were 88% loaded. Sales dropped by 4.7% to 2.86 million tons due to the sales increase within the group. VAT-products output decreased by 8.3% to 1.3 million tons. In January-September MMK produced 9.38 million…

Asha Iron and Steel Works has confirmed the prolongation of the certificate to produce construction steel hot-rolled metal for the manufacture of metal or ferroconcrete structures. The certificate has been provided by TUV Rheinland Group. The hot-rolled metal of AMZ with CE-marking will continue being exported to the European Union. The company has received the…

Since 2013 Mariupol Ilyich Iron and Steel Works has decreased natural gas consumption by 69 million cubic meters, or by 40%. According to the company CEO Yuri Zinchenko, thanks to the ISO 50001 implementation the works was also able to save 46 million kW-h of electricity, thus saving over 500 million UAH. At present the…

Ukrmetallurgprom believes that in November steel output will total 1.9 million tons, with pig iron production at 1.9 million tons and rolled metal at 1.7 million tons. In September Ukraine produced 1.86 million tons of steel, 1.83 million tons of pig iron and 1.74 million tons of rolled metal. In January-September steel output totaled 18.23…

In Q 3 DTEK Energo mined 7.8 million tons of power-generating coal, up by 29% QoQ. The increase allows the company to satisfy the growing needs of thermal power plants in fuel. Coal output also increased by 10.5% YoY. Fuel demand increase in summer made the group review its plans on coalmining. So in H2…

Novolipetsk Iron and Steel Works plans to increase sales of rolled metal for construction in 2016 by 20% YoY. “The increase will be reached due to opening new markets”, finance vice-president and section director Grigory Fedorishin said. “In 2015 demand for rolled metal for construction dropped by 17%, and this year we have lost 10-15%…

In January-September Severstal produced 8.7 million tons of steel, keeping the last year levels. According to the group statement, pig iron output went up by 1%, to 6.91 million tons. Steel sales dropped by 4%, to 8.2 million tons. In Q3 Severstal produced 2.39 million tons of pig iron, up by 8% QoQ. Steel output…

A couple of days ago the Novokonstantinovskaya mine (Kirovograd region) yielded 1-millionth ton of uranium ore. The head of the regional council Alexander Chernoivanenko noted the great contribution of the mine to the social-economic development of the region. He believes that both the Ministry of energy and coal industry and regional authorities have to concentrate…

ArcelorMittal Kriviy Rih plans to invest $1.5 billion into development until 2020. “We would go on with our investment activities”, Paramjit Kahlon, the company CEO, explained. For the past 10 years AMKR has been investing some $250 million each year. According to Kahlon, the works operation has a positive impact on the economical situation in…

In January-September NLMK produced 12.3 million tons of steel, up by 2% YoY. Capacity loading increased by 1%, to 95%. Sales totaled 12.29 million tons, up by 2% YoY, including 4.36 million tons of semi-finished products, up by 1%, and 7.92 million tons of finished products, up by 3%, in particular 6.26 million tons of…

Corum Group is in search for additional orders on the market of Vietnam. “Vietnam has major plans as to coalmining and so it has to stop using mining by hand. The country is building new mines that will be equipped with machinery. We have a turnkey contract with Vinacomin to construct two shafts of Nui…

Russian steelmaker Severstal’s coal production unit Vorkutaugol is evacuating workers from the Zapolarnaya mine because the carbon monoxide level has exceeded the norm, the company said in a statement. “In accordance with the safety rules, the workers on the shift are being lifted to the surface. Emergency Ministry troops are investigating the mine. There were…

DTEK Pervomayskoye Mine Group has put into operation a new long face with 430 thousand tons of coal. The length of the face is 280 meters. Coal deposits will be enough for 8 months. Since the year start Pervomayskoye Mine Group has put 2 long faces into operation. The group annual coal target is 3.3…

In January-June Metinvest B.V. received $90 million of net profits as opposed to $166 million of losses in H1 2015. The company revenues dropped by 21% YoY, to $2.88 billion, while EBITDA decreased by 7%, to $580 million. The total debt increased by 1%, to $2.98 billion. According to the group CEO Yuri Ryzhenkov, the…